THERE is no need for Zimbabwe to import cement from neighbouring countries because local cement producers have the capacity to meet the current demand, an industry official has said.Zimbabwe is curren...
By Staff reporter | Published: 07 April 2014
Central bank deputy governor Kupukile Mlambo says the country's banking system is outdated and called on the sector to embrace new technology.Mlambo castigated the banking model in use as traditional ...
By Staff reporter | Published: 07 April 2014
Zimbabwe's fuel consumption has more than doubled in the past three years although the country's major industries are sneezing. Figures compiled by the Zimbabwe Energy Regulatory Authority show that c...
By Staff reporter | Published: 07 April 2014
Five thousand small scale miners are this month set to benefit from funding and equipment from Pact, a non-governmental organisation.The Zimbabwe Artisanal and Small Scale Mining Council (Zasmc)...
By Staff reporter | Published: 07 April 2014
South Africa-based Impala Holdings Limited (Implats)' Zimbabwe unit, Zimplats, has appointed former Glencore Xstrata top official Andile Sangqu as non-executive director.His appointment is with effect...
By Staff reporter | Published: 07 April 2014
Zimbabwe's banking sector deposits stagnated at $4 billion in 2013, indicating tightening liquidity conditions, according to Agribank chief executive Sam Malaba.He said about 80 percent of the deposit...
By Staff reporter | Published: 04 April 2014
Government says it will next week invite bids for the supply of 50-65 seater airbuses to Air Zimbabwe, to service its local and regional routes.At a media briefing in Harare Thursday, the minister of ...
By Staff reporter | Published: 04 April 2014
CAIRNS Holdings Limited has completed evaluating its business in preparation for a fresh capital injection by prospective investor, Vasari Global Limited.It was not immediately clear what the value of...
By Staff reporter | Published: 04 April 2014
QV pharmacies is set to be placed under final judicial management after the company recorded a slight increase in gross profit for the two months ending 28 February 2014.The company recorded a 5 perce...
By Staff reporter | Published: 04 April 2014
CBZ Holdings Limited has appointed Mr Never Nyemudzo to the position of group chief executive effective May 1 2014 after outgoing CEO Dr John Mangudya was elevated to take charge at the central bank.D...
By Staff reporter | Published: 04 April 2014
ECONET Wireless Zimbabwe has again attracted the ire of banks after it emerged this week that the mobile telephone company could be engaged in potentially unfair business practices that have attracted...
By Staff reporter | Published: 04 April 2014
Zimbabwe's economic slowdown has resulted in the insurance sector annual growth decreasing to 8.16% in 2013 compared to 22.04% a year earlier, according to data disclosed by the insurance regulator. T...
By Staff reporter | Published: 03 April 2014
A Chinese firm, Tsingshan Steel, is planning to invest about $1 billion in an integrated stainless steel manufacturing plant and power station in Zimbabwe, the Fingaz reported. Benson Xu Kemin, the co...
By Staff reporter | Published: 03 April 2014
STATE-owned beef processor, Cold Storage Company Limited (CSC), battling to recover from a devastating crisis sparked by prolonged under-capitalisation, is planning to hive off a $30 million debt from...
By Staff reporter | Published: 03 April 2014
ECONET Wireless prepaid service subscribers are now able to access a maximum of $500 worth of loans using cell phones under Econet's mobile phone savings account. The mobile phone-based loan facility ...
By Staff reporter | Published: 03 April 2014
BOTSWANA Stock Exchange listed Sefalana Holdings bid to buy starafrica corporation's 33 percent stake in Tongaat Hullet Botswana collapsed after the parties failed to agree on price, sources close to ...
By Staff reporter | Published: 03 April 2014
Stanbic Bank Zimbabwe weathered the harsh economic environment to record a $18,3 million profit after tax for the year ended December 31 2013 up from $17,2m for the comparative period in 2012.In a sta...
By Staff reporter | Published: 02 April 2014
Zimbabwe has earned $130,6 million from the sale of 41,78 million kilogrammes sold at an average price of $3.13 per kilogramme since the opening of this marketing season on February 19.The volume of t...
By Staff reporter | Published: 02 April 2014
ABC Holdings (BancABC) expect $100 million equity capital injection from Atlas Mara soon after the deal is concluded with the transaction expected to transform the Pan African banking group, CEO Doug ...
By Staff reporter | Published: 02 April 2014
BORDER Timbers, a forestry and timber processing company is looking at ways to restructure its balance sheet to further reduce finance costs and obtain improved tenures aligned to the cycle of its bus...
By Staff reporter | Published: 02 April 2014
Sino-Zimbabwe Cement Company is confident of meeting its targeted production capacity of between 700-1 200 tonnes per day following the completion of the first phase of the company's plant upgrade, a ...
By Business Reporter | Published: 02 April 2014
The Mobile Money Transfer Agents Association of Zimbabwe and Econet are heading for a possible clash over the latter's recent directive that each of its agent should register at least five new custome...
By Enia Nyakudzambara | Published: 02 April 2014
Barclays Bank Zimbabwe managing director Mr George Guvamatanga has stepped down as Bankers Association of Zimbabwe (BAZ) president after the expiry of his two-year tenure with his deputy Mr Sam Malab...
By Staff reporter | Published: 02 April 2014
Hwange Colliery Company Limited (HCCL) has admitted that it is struggling to pay salaries to its workforce but apportioned the blame on prioritising limited cash on capital expenditure.Radio Dia...
By Staff reporter | Published: 02 April 2014
Five out of six power generating units at Hwange Thermal Power Station are operating with an output of $518 mega watts, a development expected to reduce load shedding.The resuscitation of the fifth po...
By Staff reporter | Published: 01 April 2014
Chiwenga takes fresh swipe at Wicknell Chivayo 
Mnangagwa delivers stark warning 
Goodyear shutters multiple global plants 
ZSE pushes for another equities tax cut to boost selloffs 
Zimbabwe's forex receipts jump 23% 
Unifreight shifts focus towards cross-border 
Young Investment Professional (YIP) Graduate Programme 2019 
Young Investment Professional (YIP) Graduate Programme 2019
